Last month, the Defense Business Board released a package of recommendations that outlined several cost-cutting methods in which the department could free up money in its budgets. The set of proposals, which followed Secretary of Defense Robert Gates’ call to tighten the defense spending budget, immediately went under attack by legislators who claimed that some [...]
The Department of Defense is looking to tighten its belt on department spending, a decrease of about $100 billion over the next five fiscal years. Ashton B. Carter, under secretary of defense for acquisition, held a meeting yesterday with government contractors and lobbyists at the Pentagon to discuss how the industry could cut waste to [...]
The Obama administration’s design to cut down “wasteful” spending is lurching toward reality. In a bid to curb wasteful spending, Undersecretary of Defense for Acquisition Ashton Carter is making good on Secretary of Defense Robert Gates’ call to tighten the defense spending budget, while President Barack Obama’s budget and technology braintrust has put at least [...]
Defense Secretary Gates spoke today on the future direction of the Pentagon’s weapons programs and specifically how this change of direction will impact military personnel, existing weapons programs and long term planning. He touched on a large number of specific programs such as the Joint Strike Fighter. Large government contracting firms Lockheed Martin (NYSE:LMT), Northrop Grumman (NYSE:NOC), SAIC [...]
